The relationship between information systems and organizations is among the fastest-changing aspect of business today.
What is Information System?Information systems are groups of various information resources that are used to collect, process, store, and distribute information. These resources include software, hardware, connections between computers, the system housing, system users, and computer system information.
Over the years, information systems have become incredibly popular in business operations. Automation and the use of AI technology will determine the importance of information systems in the future.
Information technology can be applied both specifically and broadly. A generalized information system offers a generic service, similar to a database management system, where software aids in the organization of data in its most basic form.
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(c) using okun's law, how more much would total output (gdp) have had to grow to create that many jobs?
Suppose you are in charge of sales at a pharmaceutical company, and your firm has a new drug that causes bald men to grow hair. assume that the company wants to earn as much revenue as possible from this drug. if the elasticity of demand for your company's product at the current price is 1.4, what would you advise the company to do?
If bill gates purchases stock in a foreign corporation then
Shawn has $3 more than twice as much money as peter. if shawn has $10, how much money does peter have?
Suppose that $4000 is deposited in an account that earns 5% interest. how much is in the account:
The health information management department plans to install an automated tumor registry, and the vendor documentation is very, very lengthy giving instructions on how to work the system. all tumor registry staff thinks a "cheat sheet" or 1- to 2-page instruction summary should be written for ease of reference and increased data quality. who should develop this reference?
The correct answer is that the tumor registry staff should develop the reference "cheat sheet."
The tumor registry staff are the end-users of the automated tumor registry system and will be utilizing it on a daily basis. They are the ones who are most familiar with the specific tasks and information that they need quick access to. By creating the "cheat sheet" themselves, they can ensure that it includes all the necessary information in a concise and easily accessible format tailored to their workflow. This will not only help in increasing data quality but also in streamlining their daily tasks by providing a quick reference guide. Additionally, involving the staff in the development process will empower them and increase their familiarity and comfort with the new system, which can be crucial for successful implementation and adoption. It is also important that the staff who will be using the "cheat sheet" are involved in its creation to ensure that it meets their needs and preferences, which can vary depending on their specific roles and responsibilities within the tumor registry.
In august 2016, richard purchased and placed in service an office building costing $753,000, including $134,000 for the land. the amount of depreciation richard may claim in 2016 is __________.
A make-to-order operation would be primarily concerned with:
PEMDAS
P- Parenthesis
E-Exponents
M-Multiply
D-Divide
A-Add
S-Subtracting
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-Charlie
Keeping $20 in currency to be able to buy gasoline, money is performing which function? unit of account symbol of fiat medium of exchange barter mechanism store of value
If you invest $2,000 today for three years at 5% interest paid annually, you will earn a total of $_____ in interest. assume you re-invest all interest.
By investing $2,000 at a 5% annual interest rate compounded annually for 3 years, the total interest earned would be $315.25, assuming all interest is reinvested.
If you invest $2,000 today for three years at 5% interest paid annually and re-invest all interest, we can use the formula for compound interest to calculate the total interest earned over the investment period. The compound interest formula is A = P(1 + r/n)(nt), where A is the amount of money accumulated after n years, including interest, P is the principal amount (initial investment), r is the annual interest rate (decimal), n is the number of times that interest is compounded per year, and t is the number of years the money is invested for.
Let's calculate the total amount first:
P = $2,000r = 0.05 (5% annual interest rate)n = 1 (interest is compounded annually)t = 3 yearsA = $2,000(1 + 0.05/1)(1×3)
A = $2,000(1 + 0.05)3
A = $2,000(1.05)3
A = $2,000(1.157625)
A = $2,315.25
The total amount after 3 years is $2,315.25. The total interest earned is the difference between the final amount and the initial investment:
Total interest = A - P
Total interest = $2,315.25 - $2,000
Total interest = $315.25
So, if you invest $2,000 today for three years at 5% interest paid annually, you will earn a total of $315.25 in interest, assuming you re-invest all interest.
With regard to cleaning house, which is an example of extrinsic motivation?
At what point does a firm maximize profit? the point at which marginal
A firm maximizes profit at the point at which marginal cost equals marginal revenue.
What is the importance of profit maximization?Profit maximization is a strategy that can promote effective and long-term business expansion. A company can weather an economic disaster and pay higher salaries and dividends to its stockholders when it has bigger earnings.
The additional money that results from raising the quantity is known as the marginal revenue. A corporation divides the change in its total revenue by the change in its total output quantity to determine its marginal revenue.
When marginal cost and marginal revenue are equal, your company's output level is at its highest. At this point, efficiency is at its peak and profits are at their highest point.
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This is the third investigatory agency created, which fell under the department of treasury during its inception:
Joe wants to buy a baseball bat for no more than $30; the sporting goods store in town sells bats for $50. what can we assume about joe's decision to buy a bat
We can assume that Joe did not purchase the bat. Joe values the price of a bat at $30 even though the sporting goods store in town sells it for $50. Due to Joe having a perceived value of the bat set at $30, he will likely wait to purchase a bat until he finds a bat that is priced at the price he is willing to pay.
The correct assumption about Joe's decision to buy a bat is that he will either look for a different store with a lower price, wait for a sale at the current store, or decide not to purchase the bat at all if he cannot find one within his budget of $30.
Joe could explore the following alternative strategies:
1. Look for sales or discounts at the sporting goods store.
2. Check other nearby sporting goods stores for lower-priced bats.
3. Consider buying a used bat from online marketplaces or local classifieds.
4. Explore borrowing or trading with friends or family who may have spare bats.
5. Wait for seasonal promotions or clearance sales to purchase the desired bat at a reduced price.
6. Explore purchasing a basic bat without additional features or brand name, which may be cheaper.
7. Consider online retailers or auction sites where bats may be available at lower prices.
8. Explore community sports programs or leagues where bats may be provided or available for loan.
Full question
What alternative strategies might Joe consider to obtain a baseball bat within his budget of $30 given the higher price of $50 at the local sporting goods store?
zecola is a beverage manufacturer. it presents wyb, a zero-calorie drink to compete with we fresh's shire, a low-calorie drink. when wyb is released in the market, we fresh cuts down the price on shire to match wyb's price. this scenario is an example of a(n) _____.
Select the best definition of labor productivity:
The amount of output and the amount of labor required to achieve that output are compared to determine labor productivity, which is a gauge of economic performance.
By dividing the total output produced during a certain time period by the total number of employees, one can measure labour productivity. Increases in worker productivity, which may be summed up as how efficiently we do tasks, are the source of long-term, sustained economic performance. The amount of value an employee produces for every unit of their input is known as labor productivity.
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The fiscal 2016 financial statements of nike inc. shows net operating profit margin (nopm) of 11.4%, net operating asset turnover (noat) of 3.83, return on equity of 30.1%, and adjusted return on assets of 17.1%. what is the company's nonoperating return?
a. (13.6)%
b. 18.7%
c. (14.5)% d) 35.4% e) there is not enough information to calculate the ratio.
Every year, shutterstock hosts an annual hackathon in which employees are given the opportunity to imagine, design, and implement an idea they think can provide value to the company, and shutterstock awards prizes to the best ideas in different categories. this is an example of _______.
_____ is an example of a benefit that is legally required and hence not optional.
The answer is unemployment insurance. The unemployment insurance is a type of insurance in which are deemed to be legal and a way of serving as a benefit for unemployed people who has lost the jobs that they used to have.
If you write a check for $4,000 to buy a car when you have only $57.18 in your checking account (and no overdraft protection), what is likely to happen
Answer:
The correct answer is: the check will not clear.
Explanation:
Overdraft protection is a credit given to customers to be able to process transactions even if their account balance is zero or falls behind zero. Every time the account holder has a negative balance and processes a payment the bank will charge an overdraft fee to the account. Overdraft protection could lead to potential debts for customers.
In that case, if someone writes a check for $4,000 while having only $57.18 in a checking account with no overdraft protection, the check will not clear.
Inventory costing methods—perpetual method chen sales corporation uses the perpetual inventory system. on january 1, 2015, chen had 1,000 units of product a with a unit cost of $20 per unit. a summary of purchases and sales during 2015 follows:
a) FIFO Method: COGS = $43,200, Ending Inventory = $59,200
b) LIFO Method: COGS = $60,600, Ending Inventory = $34,000
c) Weighted-Average Method: COGS = $100,968, Ending Inventory = $19,232
How did we get the values?
Compute the cost of goods sold (COGS) and ending inventory balance for each inventory costing method:
a) First-In, First-Out (FIFO) Method:
1. Calculate the cost of goods sold (COGS):
- 400 units sold at $20/unit (from beginning inventory): 400 * $20 = $8,000
- 1,600 units sold at $22/unit (from April 6 purchase): 1,600 * $22 = $35,200
Total COGS = $8,000 + $35,200 = $43,200
2. Calculate ending inventory:
- 400 units at $20/unit (remaining from Feb. 2 purchase)
- 800 units at $25/unit (from Aug. 9 purchase)
- 800 units at $29/unit (from Dec. 30 purchase)
Total ending inventory = (400 * $20) + (800 * $25) + (800 * $29) = $16,000 + $20,000 + $23,200 = $59,200
b) Last-In, First-Out (LIFO) Method:
1. Calculate the COGS:
- 1,400 units sold at $29/unit (from Dec. 30 purchase): 1,400 * $29 = $40,600
- 800 units sold at $25/unit (from Aug. 9 purchase): 800 * $25 = $20,000
Total COGS = $40,600 + $20,000 = $60,600
2. Calculate ending inventory:
- 600 units at $20/unit (remaining from Feb. 2 purchase)
- 1,000 units at $22/unit (from April 6 purchase)
Total ending inventory = (600 * $20) + (1,000 * $22) = $12,000 + $22,000 = $34,000
c) Weighted-Average Cost Method:
1. Calculate the weighted-average unit cost:
Total units available = beginning inventory + units purchased = 1,000 + 1,800 + 800 + 1,400 = 5,000 units
Total cost of units available = (1,000 * $20) + (1,800 * $22) + (800 * $25) + (1,400 * $29) = $20,000 + $39,600 + $20,000 + $40,600 = $120,200
Weighted-average unit cost = Total cost of units available / Total units available = $120,200 / 5,000 = $24.04 (rounded to two decimal places)
2. Calculate COGS:
- 4,200 units sold
COGS = 4,200 units * $24.04/unit = $100,968
3. Calculate ending inventory:
Total units in ending inventory = Total units available - Units sold = 5,000 - 4,200 = 800 units
Ending inventory value = 800 units * $24.04/unit = $19,232
So, the results are:
a) FIFO Method: COGS = $43,200, Ending Inventory = $59,200
b) LIFO Method: COGS = $60,600, Ending Inventory = $34,000
c) Weighted-Average Method: COGS = $100,968, Ending Inventory = $19,232
Complete question:
Inventory Costing Methods-Perpetual Method Chen Sales Corporation uses the perpetual inventory system. On January 1, 2015, Chen had 1,000 units of product A with a unit cost of $20 per unit. A summary of purchases and sales during 2015 follows:
Date | Unit cost | Units purchased | unit sold
Feb.2 | | | 400
Apr.6 | $22 | 1,800 |
july.10 | | | 1,600
Aug.9 | 25 | 800 |
Oct.23 | | | 800
Dec.30 | 29 |1,400 |
Required
a)Assume that Chen uses the first-in, first out method. Compute the cost of goods sold for 2015 and the ending inventory balance at December 31, 2015, for product A.
b) Assume that Chen uses the last-in, first-out method. Compute the cost of goods sold for 2015 and the ending inventory balance at December 31, 2015, for product A.
c)Assume that Chen uses the weighted-average cost method. Compute the cost of goods sold for 2015 and the ending inventory balance at December 31, 2015, for product A.
Do not round until your final answers. Round to the nearest dollar.
Which of the following is NOT one of the responsibilities of the Federal Reserve?
Maintaining a stable banking system is not one of the responsibilities of the Federal Reserve. The Federal Reserve controls the U.S. budget, starting with the U.S. Central Bank. They have three key entities: the Federal Reserve Board of Governors, the 12 Federal Reserve Banks and Federal open market committee. The last, is they are incharge of maintaining 5 key functions within the Federal Reserve.
Which is the best option for someone who wants to improve his or her credit and pay less interest on the debt? $15 a month because it will let the person keep more spending money $100 a month because it will free up credit to buy other things $15 a month because it will save money in the long run $100 a month because it will reduce the amount of debt owed
$100 a month because it will reduce the amount of debt owed
The settempvar action is in the ____ category of the action catalog.
Grocery stores use scanners not only for faster check-out times, but as a tool to obtain merchandise sales data and create short-term forecasts. this system is known as _______________ production.
What process was used to make the shang dynasty ritual wine vessel (3.3?
"parents with children list a gps system (28%) and a dvd player (28%) as "must have" accessories for a road trip.12 suppose a sample of n 1000 parents are randomly selected and asked what devices they would like to have for a family road trip. let ˆp be the proportion of parents in the sample who choose either a gps system or a dvd player"
Mario sees popcorn and pretzels as perfect substitutes. he is always willing to substitute 3 cups of popcorn for 1 cup of pretzels. if the price of a cup of popcorn equals the price of a cup of pretzels, mario will eat:
If the price of a cup of popcorn is equals with prize of cup of pretzels, Mario will likely buy and eat only the pretzels as the popcorn is already in equal with the pretzels in which he can now buy the pretzels without having to substitute it with the popcorn, making him eat and brought the pretzels.
Computing the cronbach's alpha is the way to check if the:
Cronbach's Alpha is a statistical method used to measure the internal consistency or reliability of a test or measuring instrument. It ensures the test or instrument is reliable and indicates how consistently different parts contribute to the overall score.
Explanation:Computing the Cronbach's Alpha is a method used in statistics to measure internal consistency or reliability of a test score or measurement.
In other words, it verifies if different parts of a test or measuring instrument are consistent with each other and contribute to the overall score or measurement in a consistent manner. This measure helps to ensure that the test or measurement is reliable and valid.
The value of Cronbach's Alpha ranges between 0 and 1. A value close to 1 indicates high internal consistency while a value close to 0 indicates low internal consistency.
It's important to note that Cronbach's Alpha assumes that the variables are unidimensional, meaning that they measure a single latent construct.
Additionally, it also assumes that all items in the test or instrument are equally correlated, an assumption that might not always hold in reality.
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That part of the deficit that results from a downturn in economic activity is called the __________ deficit.